Thank you, Mr. Chair and colleagues.
Mr. Poloz, Ms. Wilkins, welcome to your House of Commons.
First of all, I would like a little clarification. At the outset, you mentioned the price of oil, which has clearly been major concern in the last four years in Alberta, especially if we consider the terrifying effects we have seen.
You say that we are transitioning to a new price that is commensurate with the current price of oil. In your opinion, does that mean that, in the next year, the price of oil will be stable? Or are you forecasting an increase? If so, what do you see as the target price for a barrel of oil?